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• Avaada Group plans to add 5 GW of renewable energy capacity during the current financial year, taking its operational portfolio to 12 GW by March 2027.
• The proposed capacity comprises solar, wind and Battery Energy Storage System (BESS) projects across Maharashtra, Gujarat and Rajasthan.
• The company added 2 GW in FY26 but faced delays in commissioning additional projects due to pending power purchase agreements (PPAs) and transmission infrastructure readiness.
• Avaada is also developing an integrated solar manufacturing facility at Butibori, Nagpur, covering ingots, wafers, cells, modules and ancillary products under one complex.
• The group remains on track to achieve its long-term target of 30 GW of renewable energy capacity by 2030 while reducing import dependence through domestic manufacturing.
Avaada Group is aiming to commission 5 GW of renewable energy capacity during the current financial year after securing power purchase agreements (PPAs) and connectivity approvals for upcoming projects, according to Chairman Vineet Mittal. The planned additions, spread across Maharashtra, Gujarat and Rajasthan, will include a mix of solar, wind and Battery Energy Storage System (BESS) projects and are expected to increase the company’s operational renewable energy portfolio to 12 GW by March 2027. Advertisement
The renewable energy developer added 2 GW of capacity during the previous financial year. However, the company was unable to commission an additional 1-2 GW of projects that had originally been planned due to delays associated with PPA execution and transmission infrastructure availability.
Addressing concerns over project timelines, Mittal said the company had been required to align its commissioning schedules with the readiness of transmission systems. He noted that although additional capacity could have been brought online during the last financial year, delays in the signing of PPAs and the completion of transmission infrastructure had affected implementation schedules.
The planned 5 GW pipeline has already been taken up for execution, with projects located across key renewable energy markets including Maharashtra, Gujarat and Rajasthan. Avaada has set a broader target of developing 30 GW of renewable energy capacity by 2030 as part of its long-term growth strategy.
Alongside project development, the group is expanding its domestic manufacturing capabilities through a large-scale integrated facility being developed at Butibori in Nagpur, Maharashtra. According to Mittal, the complex is being designed as a fully integrated manufacturing unit that will produce the entire solar value chain, including ingots, wafers, cells and modules, at a single location.
The company is also incorporating ancillary manufacturing operations within the same campus. Mittal said construction of the glass manufacturing facility is already underway and is expected to be commissioned within the next year.
On the manufacturing front, Avaada expects to operationalise a 6 GW solar cell production line during the current year. The company is also progressing with plans to commence wafer and ingot production at the same facility in the following year.
Mittal stated that the company is developing what it describes as a “super factory”, moving beyond the conventional gigafactory model by co-locating multiple stages of the solar manufacturing process. Once fully operational, the facility is expected to reduce the company’s import dependence to below 10 per cent while creating an integrated domestic manufacturing ecosystem for solar equipment production.
Source - PTI
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